Banks

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Rounak Jain
21 Mar 2023, 14:24

Indian banks better placed than their US peers due to attractive valuations and stickier deposits

Indian banks better placed than their US peers due to attractive valuations and stickier deposits

Indian banks better placed than their US peers due to attractive valuations and stickier deposits

Turmoil in the US and Europe’s banking sector has had an impact on banks in other markets as well, including India. The Nifty Bank index has fallen by over 5% since March 8 when Silvergate Bank collapsed. Since then, three other banks collapsed, while equity markets in the US and Europe fell between 1-5%.

Indian bank deposits better protected than in US: SBI report
20 Mar 2023, 13:31

Indian bank deposits better protected than in US: SBI report

Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State Bank of India's Economic Research Department.

India has well-regulated and well-supervised banking sector: RBI Governor
18 Mar 2023, 11:14

India has well-regulated and well-supervised banking sector: RBI Governor

Reserve Bank of India Governor Shaktikanta Das on Friday gave a thumbs up to the country's banking system, while stressing how recent developments in the US have brought to the fore the criticality of banking sector regulation and supervision.